MJ Gleeson (LON:GLE) Shares Cross Below 200-Day Moving Average – Here’s Why

MJ Gleeson plc (LON:GLE) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 537.85 ($6.98) and traded as low as GBX 464 ($6.02). MJ Gleeson shares last traded at GBX 468 ($6.07), with a volume of 16,150 shares traded.

MJ Gleeson Stock Up 0.2 %

The company has a debt-to-equity ratio of 1.70, a current ratio of 5.79 and a quick ratio of 0.89. The stock’s fifty day simple moving average is GBX 481.23 and its 200-day simple moving average is GBX 536.40. The stock has a market cap of £281.84 million, a P/E ratio of 14.59 and a beta of 1.14.

MJ Gleeson (LON:GLE) last released its quarterly earnings results on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) earnings per share for the quarter. MJ Gleeson had a return on equity of 6.60% and a net margin of 5.59%. On average, research analysts anticipate that MJ Gleeson plc will post 35.1412429 earnings per share for the current year.

Insider Activity

In other MJ Gleeson news, insider Graham Prothero purchased 8,020 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were bought at an average price of GBX 499 ($6.47) per share, with a total value of £40,019.80 ($51,899.62). Corporate insiders own 16.85% of the company’s stock.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of “Building Homes. Changing Lives.” Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes’ average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.